Gifts of Insurance
Naming the Diocese of Monterey as beneficiary of a life insurance policy is an excellent way to make a charitable gift.
Gift of Insurance
Insurance
Monterey
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If the Diocese of Monterey retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If the Diocese of Monterey cashes in the policy, you will be able to see firsthand how your gift supports our work within the community
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the Diocese of Monterey so that the proceeds can further our meaningful work
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include the Diocese of Monterey as the beneficiary of your policy.
Contact us
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
